AUDDIA INC. (AUUD): Nasdaq/NYSE listing notice — Auddia receives Nasdaq delisting notice for bid price non-compliance; has until Oct 23, 2023 to cure

AUDDIA INC.

Notice received April 24, 2023; bid price below $1.00 for 30 consecutive business days through April 21, 2023.
Initial compliance period of 180 calendar days ends October 23, 2023; must close at $1.00+ for 10 consecutive business days.
May qualify for additional 180-day period if it meets other listing requirements and implements reverse stock split.
Notice does not trigger immediate delisting; company evaluating options to regain compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

AUDDIA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 24, 2023, Auddia Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per sh

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AUDDIA INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-002753

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